Crowdfunding is not all about accumulating money, it is about making something good with the help of a crowd of people who want to make a change. The number of campaigns are thriving on the crowdfunding platforms and the industry so. This type of app will open the door of assistance for projects to showcase their potentiality that might not enough to get funds through other ways.
Fundamentally, crowdfunding platforms are known to render the financial opportunities to launch startups. So the online fundings remove the physical obstacles and permit worldwide people to invest in where they want and what they believe in. so the business minds are taking full advantage of this accelerating development of crowdfunding apps.
Therefore it is not only about the tie-up with the best mobile app development company, it is necessary to understand the market, defining the user journey to bring the crowdfunding app to the life. Hence we come up with this blog article where we will discuss the estimated cost, models, and features required for the crowdfunding app development.
Business models for crowdfunding apps
Reward-based
It is one of the most preferred crowdfunding models. There are some great websites like IndieGoGo and Kickstarter are the best examples of crowdfunding platforms. In this model, businesses expect certain rewards in terms of services/goods or packages at a later stage.
Donation-based
This model is suitable for those who support the individual campaigns without expecting any rewards. This will help to raise the fund approach and raise the money for the expenses, projects, or events.
Equity-based
This model of crowdfunding is for the individuals who become part owners of a company or project by trading for equity shares. They will get the return on their investment as per their share of profit. These owners also can sell the shares of the company in the future.
List of top crowdfunding companies
This company has its website and app, it is established in 2009 and till now it has generated $3.7 billion through the 15 million people ideas.
This crowdfunding platform has raised more than $1 billion for the 650K projects. This company was established in 2007 and after that investors got equity, security, revenue sharing, and cryptocurrency.
This platform has already claimed various occasions that offers double success rate from the Kickstarter and IndieGoGo.
This website is a crowdfunding website for content creators. This allows the creators to run a special membership plan for exclusive content.
This website is raising funds for animal protection, hunger, women’s rights, etc. this company is established in 2013.
Features required in developing the crowdfunding mobile app
| User Panel | Fundraiser Panel | Admin Panel |
| User sign-in/login | login/sign-up | Admin login module |
| Users can easily set up their account by adding all the basic details | Create profile | User profile management |
| list their ideas in their account | Check ideas | Fundraiser profile management |
| Upload images & videos of the ideas | Details of the ideas | Ads management |
| Make changes and update | Fund the ideas | The subscription model of the app |
| List the details of the fund required | Payment management | Revenue management |
| Chat or audio call | Chat or audio call | Ideas management |
| Payment management | Send feedback | Verify the accounts of the users and fundraiser |
| Close funding | Push notifications | |
| Send feedback | Support app users | |
| Manage feedback |
How much does it cost to develop a crowdfunding app
The cost structure of crowdfunding app development is not different than other apps. There are some factors that can easily affect your budget for instance
- App design
- Features
- Advance features
- App platform
- The complexity of the app
- Development team geolocation & experience
Any of the factors from the above can easily affect the cost of crowdfunding app development. So you need to hire the best mobile app development company in India and that is none other than Appsinvo. It is not possible to find the exact cost of development, so the estimated cost to develop a crowdfunding app is $6500-$9500 depending on the app platforms you select and the features you instill in the app.
Conclusion
This is all about crowdfunding app development, appsinvo is one of the leading and fastest-growing mobile app development companies in India. We are known to deliver the best services as per the clients’ requirements. Appsinvo has years of experience team that is an expert in building top-notch crowdfunding mobile app solutions.
Till then, stay safe, stay at home, wash your hands, and be happy
For more updates, stay connected and keep reading
Toddles!!
